Traditional lotteries have not evolved in decades. This will change on June 1 with the launch of the next generation lottery revolution – LOTTOBLOK,** the world’s first crypto blockchain lottery, powered by its own crypto utility token, LottoCoin (LTBK). LottoBlokk will use the Multi-State Lottery Association’s real-time Powerball winning numbers, drawn three times per week, to create a decentralized, draw-compliant lottery available to anyone over the age of 18 worldwide, including in the United States, unless restricted. (**The website is now in beta mode)
In the United States, LottoBlokk will operate as a lottery, where participants will exchange cryptocurrency, through BASE wallets, for virtual non-cash LTBK tokens to purchase lottery tickets. Each ticket will cost $2 and will be securely recorded on the blockchain. The tokens will remain liquid and tradable at all times, allowing investors to sell or trade them freely on designated markets. platforms. The initial jackpot will start at $100,000, with the potential to exceed $1 million depending on lottery sales.
“LottoBlokk is not a simple lottery. It combines the thrill of global jackpots with the speed, transparency and profitability of decentralized finance on the BASE blockchain,” said David Zambrano, Partner at LottoBlokk. “We’re revolutionizing how jackpots work in the digital age and how people play, win and connect – no borders, no middlemen, just pure excitement and real instant rewards. With LottoBlokk, you never lose your ticket and can play from almost anywhere in the world.”
Winning number combinations will be directly synchronized with the three weekly Powerball draws, ensuring a fair, random draw verified by a large, credible and tamper-proof lottery. Automated payments will be instantly sent to winners’ wallets. The prize distribution model allocates 70% of the prize pool to the winner(s), 20% to the starting pot of the next round and 10% to the treasury.
Winners will exchange their non-monetary virtual tokens for LTBK crypto, which can then be converted to fiat currency. The non-monetary exchange of the sweepstakes lottery allows LottoBlokk to be compliant with the law in a number of US states. Jackpot payouts will follow the Powerball model, giving winners the option to receive annuity-style payouts over 20 years or a lump sum.
Price levels and payments – Inspired by Powerball, guaranteeing multiple winners, not just one lucky whale:
|
Combination |
Price |
|
Match 5 + LOTTO number |
Jackpot |
|
Match 5 numbers |
25% of the pool |
|
Match 4 + LOTTO number |
5% of the pool |
|
Match 4 numbers |
2.5% of the pool |
|
Match 3 + LOTTO number |
1% of the pool |
“Traditional lotteries are outdated, limited by location and lack transparency,” Zambrano said. “Only local residents can participate, and players have no way to verify jackpots or payouts. Much of the money goes to ATMs and dilapidated infrastructure, leaving participants with little reward. Payouts can be slow, and the system rarely adapts to feedback or changing markets. The result? An outdated, exclusionary system that doesn’t fit our digital world.”
What makes LOTTOBLOKK different?
-
- · CHAINED POWERBALL – Official Powerball drawing results serve as verifiable and reliable winning numbers, eliminating problems with manipulation or unreliable randomizers.
- · BLOCKCHAIN FAIRNESS – Immutable smart contracts on BASE ensure that ticket purchases, jackpot pools, and payouts are automatic and fully verifiable.
- · ULTRA-LOW GAS FEES – Unlike Ethereum, BASE guarantees near-zero gas fees, meaning lottery winnings will not be swallowed up by network costs.
- · TOKENOMICS COMMUNITY FIRST – LTBK tokens power the platform, allowing users to purchase tickets, earn rewards, participate in governance, and access exclusive benefits.
- · GLOBAL ACCESS (except restricted jurisdictions) – Participation is open to anyone over the age of 18 worldwide, except residents of restricted jurisdictions
Additionally, LottoBlokk is committed to doing good while creating excitement. Two percent of profits will be allocated to a global animal welfare initiative, helping to protect and care for vulnerable animals around the world. The final selection of charities will be announced before the launch.
ABOUT LOTTOBLOKK
LottoBlokk is a global crypto lottery platform using verified Powerball numbers for its thrice-weekly draws. LottoBlokk runs on BASE (L2 of Coinbase) to minimize gas fees and operates in a decentralized Web3-style community, powered by its own utility token, LottoCoin (LTBK).
LottoBlokk is the flagship product of ShopToken LLC, a private company based in Delaware that focuses on Web3-related projects. By establishing key partnerships in this space, ShopToken has transformed traditional industries into Web3-focused businesses.
LOTTOBLOK Social Media
Twitter | Instagram | YouTube |Discord |Telegram |
Disclaimer: The information provided in this press release does not constitute an investment solicitation nor is it intended to constitute investment advice, financial advice or trading advice. Investing involves risks, including the potential loss of capital. It is strongly recommended that you perform due diligence, including consulting a professional financial advisor, before investing in or trading cryptocurrencies and securities. Neither the media platform nor the publisher shall be liable for any fraudulent activity, misrepresentation or financial loss arising from the contents of this press release.
# # #
